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Retirement Information
Unit A and Unit B
These employees are members of the State Teachers Retirement System
Address your retirement issues to:
Teachers Retirement Board
101 State Street, Suite 210
Springfield, MA 01103-2066
(413) 784-1711 (413) 784-1707 (FAX)
Website: www.state.ma.us/mtrb
CEA members may also contact MTA Retirement Consultants for assistance in preparing retirement documents or answering retirement questions.
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Subscribe to MTA's electronic newsletter alerts about social security fairness issues.
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MTA Retirement Consultant Dennis O’Connor will take phone calls at his home (413) 737-7509 or meet with you on the second Saturday of the month in Northampton (38 Gothic Street, (413) 584-8313) or the third Saturday of the month in Holyoke (MTA Office, 55 Bobala Rd., (413) 535-2415, 1-800-432-1117).
More retirement information is available at the MTA Website:
www.massteacher.org
Click on: Managing your career
Click on: Retirement
Unit D and E
These employees are members of the City’s Retirement Plan.
The City’s Retirement Office is located on the 2nd floor of the City Hall Annex. The Office is open Monday through Friday from 9:00 A.M. to 5:00 P.M.
Ruth Corridan and Susan Baltazar will assist you with retirement issues.
The City Retirement Office phone number is:
594-1542 Fax Number : 594-1544
email address: ccrb027@map.com
EARLY RETIREMENT BENEFIT FOR UNIT D AND E EMPLOYEES
An early retirement law passed the Legislature in July 2003. It is a one-time opportunity for eligible Unit D & E employees (not teachers). A city, can choose to accept the law. IF a municipality accepts the law, it must do so no later than November 1, 2003.
The employee application deadline is December 2, 2003. Employees who qualify for this benefit must retire no later than December 31, 2003. The law allows eligible employees to be credited with up to an additional five (5) years of age, or five (5) years of service or a combination of additional years of age and service not to exceed five (5) years. The governing authority may limit the total amount of additional credit offered for age and service to less than five years. The governing authority may limit the number of employees to whom the benefit is offered. If participation is so limited, employees with greater years of service must be approved before employees with lesser years of service. To be eligible for the benefit, employees must be at least 55 years of age. The retirement benefit cannot exceed 80 percent of an employee’s average annual rate of regular compensation. Payment due for accrued vacation time and unused sick leave is to be negotiated in accordance with Chapter 150E.